Loan Rates

Loan rates with IC Federal Credit Union cover new and used cars, trucks, recreational vehicles, motorcycles, boats and many other consumer loans. Whether you are seeking a loan for home improvement or looking to add new tires to the reliable family car, loan rates offered by non-profit credit unions have a competitive advantage over most traditional banking institutions.

(Note: Rates subject to change without notice.)

New Vehicle Auto Loan Rates
Effective as of 2010-08-27 08:00:27

APR = Annual Percentage Rate

Model YearsTermAPRWith Auto PayPayment Per $1,000*
2011 & 2010 24 Months 2.75% 2.75% $42.88
36 Months 2.75% 2.75% $28.98
48 Months 2.75% 2.75% $22.03
60 Months 2.75% 2.75% $17.86
66 Months 3.99% 3.99% $16.90
$15K min 72 Months 3.99% 3.99% $15.65
$30K min 84 Months 6.75% 6.50% $14.85

*Payment per thousand is based on auto-pay rate


Used Vehicle Auto Loan Rates
Effective as of 2010-08-27 08:00:27

Model YearsTermAPRWith Auto PayPayment Per $1,000*
2010 & 2009 60 Months 2.75% 2.75% $17.86
2008 60 Months 2.75% 2.75% $17.86
2007 60 Months 2.75% 2.75% $17.86
2006 60 Months 5.24% 4.99% $18.87
2005 60 Months 6.74% 6.49% $19.57
2004 60 Months 6.74% 6.49% $19.57
2003 60 Months 7.24% 6.99% $19.80
2002 60 Months 7.50% 7.25% $19.92
2001 & Under 60 Months 9.24% 8.99% $20.76

*Payment per thousand is based on auto-pay rate


RVs, Boats, Motorcycle Loan Rates
Effective as of 2010-08-27 08:00:27

Loan TypeTermAPRWith Auto PayPayment Per $1,000*
Motorcycles - New 60 Months 9.24% 8.99% $20.75
Motorcycles - Used 48 Months 9.99% 9.74% $25.24
RVs - New
(2009-2011)
144 Months
(Contact us
for other terms)
9.24% 8.99% $11.37
RVs - Used
(2004-2010)
144 Months
(Contact us
for other terms)
9.24% 8.99% $11.37
Boats - New 144 Months 10.24% 9.99% $11.95
Boats - Used 120 Months 11.24% 10.99% $13.77

*Payment per thousand is based on auto-pay rate


Other Consumer Loan Rates
Effective as of 2010-08-27 08:00:27

Loan TypeTermAPRWith Auto PayPayment Per $1,000*
Single Pay 90 Days 14.50% N/A N/A
Home Improvement
$500 - $10,000
up to 144 Months 13.25% 13.00% $13.75
Personal Loans up to 48 months 14.50% as low as 14.25% $27.46
Smart Choice Loan 90 Days 14.50% N/A N/A
Smart Choice Line of Credit (Overdraft)   14.50% N/A N/A
Collateral Loan
3% above savings rate
      N/A

*Payment per thousand is based on auto-pay rate